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December 2016
Member FDIC
Message from the President
In This Issue:
•Merry Christmas
from UBI
• Christmas Open
House
• AgVantage
• Emerald Club
I am so very pleased with what
UBI has accomplished this past
year. The common theme of
these accomplishments has
been our commitment toward
progress that fulfills the part of
our mission aimed at providing
our customers products and
services that offer quality and
value. Progress also included an
Online Banking upgrade that
was introduced at the end of
October. We know UBI customers
rely heavily on this product to do
their banking and we want to be
sure we are giving you the best
product available. to thank you for your patience
and trust you are now enjoying
all the new product features and
security we’ve added this year.
ok
Progress in 2016 has meant
growth in the northern area of
our footprint. Our Storm Lake
office welcomed customers
from the Storm Lake location of
Northwest Bank this past April
and our new Pocahontas office
celebrated the grand opening of
their new building in June.
Progress has meant advancements in technology including
enhanced
products,
more
options for managing your
money, and improvements to
security features to prevent fraud. In August, we undertook
a major conversion of our debit
card program, converting to a
debit MasterCard with an EVC
chip for additional security.
Progress means we must
continually increase the skill
required to better serve your
needs. In August, Dr. David
Kohl, renowned ag economist,
spent two days with our ag
lenders reviewing current trends
in agriculture and discussing
strategies to better posture our
customers’ farming operations
for the future. With this
knowledge, we look forward to
this winter’s annual review of our
ag customers’ 2016 results and
the developing of financial plans
for 2017. In addition, we recently
added a position on our staff to
ensure that new employees get
the training they require to join
the UBI customer service team.
With progress some change
has occurred. I especially want
More progress lies ahead as
2016 comes to a close and we
look toward the future. The new
UBI website continues to be
developed and we hope to launch
very soon. We’re confident you
will like the modern, clean look
and responsiveness to your cell
phone or mobile device. We thank you for being part of
another year of forward progress
at UBI. I hope you enjoy the
pictures of our staff featured
in this issue. I’m so proud to
work with this dedicated group
of people who work hard every
day to serve you. Stop in during
our Christmas Open House on
Friday, December 9 so we can
wish you a Merry Christmas and
Happy New Year.
Owen C. Bolte, President & CEO
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Directors
4000
4000
The Perfect Gift
for Christmas
Give the special people on
your list the gift of choice
with a Visa® Gift Card!
Front Row: Lance Moore, Sharon Godbersen, Larry Hultgren, Ken Van Kekerix
Back Row: Jack Eggspuehler, Curtis Rupert, Owen Bolte, Dan Dotzler, Steve Vohs
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Merry Christmas
FROM ALL OF US AT UNITED BANK OF IOWA
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Lake City
Sac City
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Lohrville
Ida Grove
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Schleswig
Theresa Beeck, Ashley
Weiss, Lisa Cortez, AmyReiser, Caleb Schroeder, Lila Bubke, Alan
Meseck
Fort Dodge
Paige Saunders, Hayley Mauer, Jeff Neubaum,
Beth Hatch, Kellen
Jacobson, Carol Hansen, Sheryl Middleton
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s
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Arthur
Onawa
Pierson
Front Row: Clay Miller, Jeff Buehler, Brook Boeckman, Lisa Witten, Bart Thoreson, Todd Schultz
Middle Row: Jim Spotts, Waneta Leege, Joe Cutshall, Andrea Ulrich, Jean Burns, Brock Boyle, Kevin Taylor
Back Row: Owen Bolte, Greg Burnside, Asger Sepstrup-Sorensen, Adam Dreeszen, Ken Van Kekerix, Kylie Todd
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Churdan
Front Row: Abbey Oleson, Lynne Peterson, Janice Carlson, Kathleen Husske
Middle Row: Rich Bahls, Amanda Ripley, Rebecca Nordstrom, Jennifer Brandt, Kathleen
Meldrem Back Row: Jakson Locke, Kerry Viken, Mike Biedenfeld, Steve Mileham
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Denison
Ardie Buller, Dennis Johnson, Deb Fineran
s s
Holstein
Tim Woodward, Joan Nepple, Arnie Koeppen
Faye Huster, Sara Iler, Troy Whipkey, Lois Smith, Arnie Koeppen, Janet
Schrad, Alysia Marken
Ida Grove
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Heather Gilles, Jill Bobolz, Craig Moritz, Shirle
Thompson, Desiree Roling
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Rochelle Pitt, Christine Kennedy, Patti Parks
, Brandon Krapfl, Taylor
Sparks, John Streeter, Marilyn Struble, Maryjo
Skelton
Ida Grove
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Harlan
Kim Kersey, Dena Anderson, Eric
Happe,
Shelly Brus
Front Row: Jennifer Mink, Kim Salgado, Ken Blair, Paula Esser
Middle Row: Paloma Rivas, Paula Ball, Lauren Mohrhauser
Back Row: Jean Heiden, Karen Koch, Annie Schrum, Janet Kluver
Front Row: Amanda Currie, Nicole Bran
Row: Hilary Grundmeier, Bridget Drey dt, Sheila Soellner, Lynette Henry Middle
Back Row: Adam Struck, Kiley Todd, , Dylan Bogenrief, Sandy Gray, Kallie Voge
Steven Radke, Logan Patterson
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Glidden
Janel Bock, Lisa Mahlberg, Sue Freml, Dave McNamara,
Kayla Thielen, Deana Rothmeyer, Mary Jo Toms
Angie Wulf, Monita Kelly
Front Row: Emily Glawe, Lisa Lundell, Patti Haack, Jenny Steinkamp, Laura Lansink, Avery Heiber
Middle Row: Jessica Burk, Melissa Bruning, Kasey Schwanz, Alicia Drury,Mary Richardson
Back Row: Melonie Petersen, Theresa Boger, Jeff Ullrich, Evan Thelen,
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Carroll
Front Row: Jenny Pryor, Bev Schultes, Sarah Irlbeck, Joyce Brincks Middle
Row: Cindy Baumhover, Christie Haberl, Cindy Janning, Dawn Clark, Dawn
Baumeister Back Row: Jim Friel, Ryan Wolterman, Greg Nessa, Jeff Nelson
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Rockwell City
Front Row: April Lichtenberg, Sandy Sykes, Sandy Ullrich, Linda Schoen
Blunk Middle Row: Marcia Cates, Melissa Jensen, Carol Thomson, Sharonherr, Taylor Walker, Aarika
Lorenzen, Desirae Durston Back Row: Julie Johnson, Kirsten Van Zuiden, Krambeck, Wendy
Anita Whitney, Tyler
Roberts, Jeff Freier, Kristina Luscombe
Front Row: Debra Holtorf, Christine Sedlacek,
Reynolds Middle Row: Jolene Rasty, Bob Roby Kelly Feaker, Sarah Jo
Denise Siefken, Paulette Ringgenberg, Sara , Sally Wenell Back Row:
Block, Melody Collins
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Kingsley
, Craig Moritz, Jerri Hardie,
Norma Nielsen, Vicki Anstine
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ers
Pet
Shawn Doran, Susan
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Ida Grove
Front Row: Randy Bruck, Lee Schoof, Chuck Obrecht
Back Row: Shirley Arkfeld, Stacy Ferry, Shaila Leuschen,
Lynne White
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Odebolt & Kiron
Angie Bengford, Jane Petersen, Matt Huegerich, Tami Eck, Neil Sibenaller,
Kady Bengford, Magie Quail, Carolyn Hoelscher
Front Row: MaKayla Roeder, Sheryl Wonder, Dana Phillips, Morgan Renze,
Earleen Uhl, Kari Siegner
Middle Row: Carol Bresnahan, Teresa Lansink, Pat Bielenberg, Marissa
Wayt,
Tara Ruble, Stephanie
Konradi Back Row: Lisa Christiansen, Ellen Schable, Allen Lansink, Dan
Dotzler, Danielle Bell, Julie
Modrell
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Moville
Dunlap
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Jeannie Krueger, Alissa Polkinghorn, Erin Bose
, Steve Rippke,
Tanja Shever, Brittany Boyle
sperson, Jake Schaben,
Larissa Kuker, Connie Ca a Summerfield
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Jessica Neumann, Sab
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Pocahontas
Ida Grove
Hope Radke, Jake Heuton, Heather Schoon,
Megan Kischer
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Galva
idi Jensen, Brandi
, Robin Thornhill, HeVan Houten, Lorraine
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Front Row: Erin Beery Jackie Susie, Mary Davis, Tyann Juelfsdema, Karl Wittorf, Jill Hasbrouck,
Wagoner Middle Row:ehoff Back Row: Calvin Moser, Deb Me
Todd, Molly Woerd Gosch
Austin Drey, Cheryl
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Moorhead
Back Row: Heather
Front Row: Sue Grieme, Will Riley
Pribble, Marty Boyle, Kelly Freese
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Storm Lake
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hitney Reim
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Peggy Arche n
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Susan John
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Charter Oak
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Front Row: Juliedle Row: Maria Perez, Yasm artje, Jake Schable, Kristo
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Martinez Back
Chairez, Jody zan Graham Not Pictured: Je
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Hauswirt
Marla Raasch, Becki Berens, Jay Lally, Beth Maack, Sarah
Weinbrandt, Deb Deiber
PRST STD
U.S. Postage
Return Service Requested
PAID
Permit No. 1209
Sioux Falls, SD
501 2nd Street
Ida Grove, IA 51445
Arthur
Carroll
Charter Oak
Churdan
Denison
Dunlap
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Fort Dodge
Galva
Glidden
Harlan
Holstein
Ida Grove
Kingsley
Kiron
Lake City
Lohrville
Moorhead
Moville
Odebolt
Onawa
Pierson
Pocahontas
Rockwell City
Sac City
Schleswig
Storm Lake
www.unitedbk.com
Christmas Open House
We value the strong personal relationships we’ve built with our customers
and appreciate the loyalty and confidence you’ve placed in us.
Join us as we celebrate with an Open House at all of our UBI locations.
Friday, Þecember 9
10�00 a.m. to 2�00 p.m.
Stop in for refreshments and pick up a 2017 calendar.
We sincerely appreciate your business and look
forward to serving you for generations to come.
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Wendy Lorenzen
Emerald Club
Coordinator
December 9, 2016 • 10:00 - 2:00
Christmas Open House
All United Bank of Iowa Offices
February 2017
New Trip! • Kansas City Adventure
March 14 - 16, 2017
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Pie Day at the following UBI locations:
Wednesday, February 15
Moville Fire Station • 1:00 - 3:00 • BINGO
Friday, February 17
Charter Oak office • 10:00 - 2:00
Schleswig office • 10:00 - 3:00
Wednesday, February 22
Denison office • 11:00 - 2:00
Kingsley Community Center • 1:30 - 3:30
Thursday, February 23
Pierson office • 1:00 - 3:00
June 15 - 26, 2017
MERRY CHRISTMAS!
Thank you again for a fun-filled year of events,
trips and activities with the Emerald Club! We
appreciate your business, loyalty and friendship.
Tuesday, March 14 (D)
Welcome aboard!
Arrive in Leavenworth,
Kansas. Visit the Frontier
Army Museum, including
Buffalo Soldier history and
memorabilia. Our guide
will then accompany us on
a driving tour of the oldest
active military post west of
the Appalachian Mountains.
Stop at the Buffalo Soldier
Monument and meet some
Buffalo Soldiers.
Center next to Union Station.
Also, go on a Gangster Tour,
featuring an interactive look at
the Pendergast Era from 1920
to 1945.
Thursday, March 16 (B)
Tour the Money Museum
(Kansas City Federal Reserve),
Arabia Steamboat Museum,
and the Truman Presidential
Library and Museum.
Home to Iowa!
Pricing:
$635/person double or twin
(2 people sharing a room)
$815/person single
(room for 1 person)
$575/person triple or quad
(3-4 people per room with two beds)
$200 due at sign up
RSVP by January 31, 2017
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4
New Hampshire/Maine/Vermont OH MY!
Attractions include:
• Tour of Rock N’ Roll Hall of Fame
• Tour the Lucy Desi Museum
• Tour of Norman Rockwell Museum
• Travel aboard a Maine lobster boat
• Tour the Maine Maritime Museum & visit
the home store of L.L. Bean
• Tour Castle in the Clouds
• Ride Mt. Washington Cog Railway
• Tour Rock of Ages & visit a sugar house
to see how maple syrup is produced
• See Niagara Falls aboard the Maid of
the Mist boat - no passport required
$3,549/person double or twin
(2 people sharing a room)
$4,749/person single
(room for 1 person)
$3,299/person triple or quad
(3-4 people per room with two beds)
$500 deposit due at sign up
RSVP by March 31, 2017
Wednesday, March 15 (B,D)
Tour Arrowhead Stadium,
home of the Kansas City
Chiefs. See the press box,
Scout Investments Club Level,
locker room and Chiefs Hall
of Honor. Tour the Hallmark
Visitors Center, National
WWI Museum and Crown
B=Breakfast L = Lunch D=Dinner (Included in price)
REMINDER: We reserve the right to make itinerary and pick-up location changes.
Members can invite a guest to any event or trip except the annual luncheon.
April 3, 2017
Tribute to Patsy Cline • $98 per person
Orpheum Theater, Sioux City
Tribute to Patsy Cline at the Orpheum in Sioux
City. Also, enjoy a tour of Palmer Candy before
the performance and lunch at the Golden Corral.
RSVP by March 6, 2017
Cancellation Policy: Trip cost is not refundable unless a person is available to take your
place or we are able to get a refund from the supplier.
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Winter 2016
4 o0
There are no shortages of opinions
when it comes to the farm economy.
It seems that every newspaper or
magazine offers another opinion on
the state of agriculture today and
where it’s headed tomorrow.
Economists put in a lot of effort and
analysis to come up with useful cost
of production information, cash
rent averages, and new crop revenue
expectations. Those tools and
surveys certainly have their place as
benchmarks for comparison.
Unique
Take a moment to respect the
uniqueness of your operation.
Your marketing plan, management
decisions, your fields, and your cost
structure – so many variables, all
unique to your business. You wouldn’t
apply fertilizer exclusively based on
your neighbor’s soil samples. In the
same way, your financial management
should be unique to your operation.
Imagine if every farmer stopped by the
FSA office and picked up a pair of work
jeans based on the county average
waist size. We think you’ll feel more
comfortable and confident if you wear
something tailored for your particular
situation.
Our team of ag lenders is here to
help you analyze your current debt
structure, understand your balance
sheet trend over time, and project next
year’s cash flow. Accurate information
going into the renewal process
creates valuable output. The goal of
the renewal process is to help you
make more informed management
decisions.
Diversification
The goal of diversifying is to provide
steady, positive returns on investment.
When one part of the economic basket
is lagging, another area is exceeding.
Unfortunately, the livestock markets
haven’t stepped up to carry the slack
of grain prices.
The cattle industry, in particular, has
created profitability issues for feeders
and sucked equity out of cow-calf
operations. If you’re in any type of
livestock business, you are familiar
with risk. Today’s price environment
in cattle and hogs underscores the
importance of cost efficiency and
disciplined marketing. In this part of
the cycle your focus must be on cash
flow and guarding your equity by
identifying and managing risk.
Other Matters
The goal of commodity agriculture is
to raise uniform products that are safe
and reliable for a wide range of end
users and consumers. Two farmers
might both be hauling yellow corn
to town, or black hided beef to the
packer, but each operation is unique.
One producer’s skills and interests
are different than next. As such, your
operation has strengths to maximize
and weaknesses to manage around.
Dollar bills are all the same shape and
color, but that doesn’t mean you want
Iowa’s
to be treated like a commodity when
#1 Ag Bank
it comes to your banking needs. With
12 years!
customized service and a long term
relationship, we hope you’ll find
We’re Committed to Agriculture!
the difference is here.